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Trump is set own roughly 79 million shares of the company, according to new SEC filings. DWAC shares were trading for just over $49.50 on Friday morning, putting the value of that stake at roughly ...
Dareh Gregorian. Updated April 2, 2024 at 8:11 PM. Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should ...
Trump Media runs the social media platform Truth Social, which Trump created after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. The former Republican president ...
The Truth Social stock remains wildly overvalued. Former president Donald Trump speaks to the media during a pre-trial hearing on March 25, 2024 in New York City.
Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by former President Trump, teeing up its stock market debut and a potential ...
Donald Trump’s Truth Social platform has filed a lawsuit against 20 media organisations for making what it claims to be defamatory statements about the company’s financial losses.
Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”.
Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices.